13 April 2015
Sale of land and buildingLand and building is to be soldLand sdv=sp value( no question in that) More than 3 yrsBuiling sdv=85 lacBuilding sp=50 lacBuilding wdv as per block 30 lacProfit on sale of building how muchN whether stcg or ltcg(with indexation)
13 April 2015
Gain on transfer of depreciate asset is always STCG. Purchase value/ gross book value - WDV = Business income SDV - Gross book value = STCG
14 April 2015
after depreciation you sold assets then it come under short term capital gain. and land come for long term capital gain and take indexation benefit.
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